Why Is London So Important?

Why is London important?

London is a global city. A global city is not just important nationwide, but also on the international scene.

London is, along with New York, one of the world's largest financial centres.

Much of London's financial sector is located on the longstanding business hub, the "Square Mile" or the "City."

Most international business headquarters are based in London, as are the major British firms. London has the world's second-best air connexions after Dubai.

London accounts for around 22 per cent of UK GDP, although it accounts for only 12.5 per cent of UK population.

The green space covers 47 per cent of the area. Recently, Thanks to its ambitious urban programme, London became the world’s first National Park City.

Many cities, like Brasília and Washington, are their country's political centres but not the business and financial centres.

In other cases, such as Istanbul and Milan, the reverse is true. London plays both roles. Continue...

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